New Delhi, April 7 -- Mumbai: A new investment route is opening up for Indians keen to invest in exchange-traded funds (ETFs) tracking global indices, but are exasperated by the higher prices they shell out now thanks to the limited availability of such funds in India.

Stock exchanges in Gujarat's GIFT City have sounded out multiple Indian asset management companies (AMCs) to gauge their interest in introducing ETFs tracking major global indices in the US and China, three people aware of the matter said. If the AMCs indeed launch such products, Indian investors will able to buy them just like local stocks, and at a lower price than they pay for ETFs now.

"We have held a couple of discussions with them (exchanges) about launching ETFs wh...